DBS, Franklin Templeton and Ripple Sign Mou to launch trading and lending solutions
DBS, Franklin Templeton, and Ripple signed a Understanding Memorandum (MOU) To cooperate in offering trading and lending solutions using tokenized money market funds with XRP Ledger Blockchain and Ripple’s Stablecoin, Ripple USD (Rlusd).
MOU will see Franklin Templeton tokenize the money market fund, Franklin on-chain US dollar short-term money market fund, on the XRP ledger, a public and blockchain business grade.
At the same time, the DBS digital exchange (DDEX) will list SGBenji, the funding token to the currency market, next to RLUSD, allowing DBS clients to redefine their portfolios between a stablecoin and a money -making market funding. This will help investors earn produce even in the changing weather.
Nigel Khakoo, VP and Global Head of Trading and Markets at Ripple, called the cooperation of a game changing.
“2025 is marked by a series of industrial ones-first when it comes to traditional financial institutions that move onchain-and linking between ripple, DBS and Franklin Templeton to enable repo trade for a tokenised funding market funding of money with a regulated, stable and stable mode of exchanging mode, like rlusd, Actually a game guardian, “Khakoo said in an email announcement with CoinDesk.
“Investors can also seamlessly balance their portfolios between a stablecoin and a funding of the currency market, all within a single, trusted ecosystem, unlocking real-world capital efficiency, utility and liquidity that institutions demand,” Khakoo added.
Lim Wee Kian, CEO of DBS Digital Exchange, said the cooperation was evidence of how tokenised securities could play that role while injecting greater efficiency and liquidity in the global financial market.
In addition, DBS considers SGBenji tokens holders to promise their tokens as collateral to borrow funds from Bank of Third-party platforms.
The move will open new liquidity options for investors holding SGBenji tokens, allowing them to use their digital assets to obtain credit while still maintaining exposure to the underlying money market funding.
